loader
Join Free
Views: 137 DOM: 352 Updated: 08.06.24 Posted: 10.17.23 Status: Active

Summary

Price $4,244,000
Built/Renov 2008/2022
Tenant 7-Eleven
Cap Rate 6.35%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 6,005
Lease Start 08-01-2021
#Units 5
Price/SF $706.74
Expiration 08-01-2036
Tenant Type Convenience/Gas
NOI $269,510
R. Term 11.10
Ownership Fee Simple
Rent/SF $44.88
Increases 7.5%/3/yrs
Pop 5Mi 10,146
Lot/AC 0.48
Options 3/5yrs/4%
AHHI 5Mi $86,639

Lease Highlights

  • Recently renovated 2022
  • 7-Eleven has 12+ years remaining on its current term with 3 (5-year) options to extend
  • The lease features 7.5% rental increases every 5 years throughout the initial term, and 4% increases during extension terms
  • Landlord’s insurance and real estate taxes are reimbursed by tenant
  • Personal guarantee from a multi-unit franchisee operator
  • 7-Eleven is an investment grade tenant (S&P: A)

Location Description

7-Eleven is located at the signalized, hard corner intersection of State Highway 19 and Interstate 20, which has a combined daily traffic count of 56,000 vehicles. Furthermore, the property benefits from nearby access to State Highway 243 (11,000 VPD) and State Highway 64 (10,000 VPD), making this an ideal, centralized location with easy commutes. Situated in a dense retail corridor, the...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: 7-Eleven
  • Guarantor:Franchisee
  • Company:Franchisee
  • # Units:5
  • Tenant S&P: A
  • Moody’s: Baa2
  • Stock: OTCMKTS: SVNDY

About Tenant

7-Eleven is the world's largest operator, franchisor, and licensor of convenience stores. It operates, franchises and/or licenses more than 83,000 stores in 19 countries, including over 12,500...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 442 5,074 10,352
2023 Total Population : 442 5,056 10,213
2023 Employed Civilian Pop : 176 2,087 4,391
2023 Total Businesses : 72 503 631
2023 Average Household Income : $ 85,529 $ 89,050 $ 88,946
2023 Total Consumer Spending : $ 11 M $ 154 M $ 305 M
2023 Median Age : 44 43 45
2023 Total Households : 152 1,981 3,904
2023 Pop Age 25+: Bachelor's Degree : 41 553 1,130
2023 Average Home Value : $ 285,317 $ 233,557 $ 271,284
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
N Trade Days Blvd I- 20 Srv Rd 2013 11,132 0.21 mi
Vz County Road 3120 Co Rd 3120 2013 42 0.23 mi
Highway 19 I- 20 Srv Rd 2021 8,024 0.25 mi
I-20 Frontage Road Country Club Dr 2021 4,640 0.69 mi
I 20 Country Club Dr 2021 41,938 0.69 mi
Country Club Dr 2021 3,881 0.71 mi
I 20 I- 20 Srv Rd 2021 47,301 0.78 mi
Wynne Rd Co Rd 2106 2013 359 0.80 mi
North Trade Days Boulevard Wynne Rd 2020 10,573 0.99 mi
Edgewood Rd I- 20 Srv Rd 2018 2,881 1.13 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity